His System Isolated Nvidia -- Here's His NEXT Buy

Marc Chaikin's stock-picking system isolated Nvidia before its massive bull run this year. Now, it just flashed "BUY" on a new AI company that no one is talking about yet. It's not a household name... but Marc predicts it could quickly double or triple from here.

How Is The Market Feeling About Dick's Sporting Goods?

Benzinga Insights
November 28, 2022

Dick's Sporting Goods's (NYSE:DKS) short percent of float has fallen 10.38% since its last report. The company recently reported that it has 12.53 million shares sold short, which is 30.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.9 days to cover their short positions on average.

Why Short Interest Matters

Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.

Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.

See Also: List of the most shorted stocks

Dick's Sporting Goods Short Interest Graph (3 Months)

short_fig

As you can see from the chart above the percentage of shares that are sold short for Dick's Sporting Goods has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.

Comparing Dick's Sporting Goods's Short Interest Against Its Peers

Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.

According to Benzinga Pro, Dick's Sporting Goods's peer group average for short interest as a percentage of float is 16.76%, which means the company has more short interest than most of its peers.

Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it..

This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Continue Reading...

Popular

Nottingham Forest docked 4 points for overspending and drops into Premier League's relegation zone

LONDON (AP) — Nottingham Forest was handed a four-point deduction on Monday for overspending, dropping the team into the Premier League's relegation zone with two months left in the season.

Coming Soon: Federal QR Codes? - Ad

Thanks to a major overhaul of the US banking system taking place today, a QR code just like this one could soon be mandatory for millions of Americans and it has the backing of the White House, Federal Reserve and Treasury. What changes do these powerful organizations have planned for your money?

New York to probe sputtering legal marijuana program as storefronts lag, black market booms

ALBANY, N.Y. (AP) — New York will evaluate its troubled recreational marijuana licensing program after lawsuits and bureaucratic stumbles severely hampered the legal market and allowed black-market sellers to flourish, Gov. Kathy Hochul ordered Monday.

US Embassy In Russia Warns Of 'Imminent' Extremist Attack, Urges Citizens To Avoid Large Gatherings

The U.S. Embassy in Moscow has issued a warning of a potential extremist attack in the Russian capital, urging American citizens to avoid large gatherings, following a disclosure by Russia's Federal Security Service about thwarting a planned shooting at a synagogue by an Islamic State-affiliated group.

The Crypto Melt-up Has Begun - Ad

This crypto bull market is on the verge of a full-on panic. But not the kind that crashes prices. Instead, this appears to be a Melt-Up that drives Bitcoin and other cryptos into the stratosphere. Now, I've found a set of smaller cryptos that I think are going to soar in this crypto Melt-Up.

Top 3 Financial Stocks That May Explode This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Regime Change At Federal Reserve? - Ad

The Fed just began the rollout of a new technology that'll "shake the US financial system". It'll likely go down in history as the biggest change to money since Western Union launched its "lightning lines" in the early days of the telegraph.

Biden Administration Imposes Sanctions On Israel's West Bank Settlers Amid Gaza Conflict

The Biden administration has imposed sanctions on Israeli settlers in the West Bank, citing ongoing violence against Palestinians. This move comes amid escalating tensions between the U.S. and Israel over the Gaza conflict.

On Location at My No. 1 A.I. Stock Pick - Ad

In this video, I go on location to share the name, ticker symbol, and story behind my #1 A.I. stock pick. I can almost guarantee you've never heard of this company -- but soon you, your friends, and your family will likely all be using it.

Millions Of Americans Are Considering A Mass Exodus If Donald Trump Wins Again, Says Report

As the 2024 presidential election nears, a notable trend is emerging: Americans are increasingly considering relocation to escape the potential re-election of former President Donald Trump.

Kicking Yourself for Missing Out on Bitcoin? - Ad

Don't worry. One expert is saying another coin has 20X the potential of bitcoin. And with cryptos heating up, it could be the perfect time to get in.

'Art and science:' How bracketologists are using artificial intelligence this March Madness

College hoops fans might want to think again before pinning their hopes of a perfect bracket on artificial intelligence.

Sam Bankman-Fried Considered 'Coming Out As A Republican' On Tucker Carlson's Show After FTX's Bankruptcy: Report

Sam Bankman-Fried, founder of FTX, contemplated a controversial strategy to rebuild his reputation after FTX's bankruptcy in 2022, including a potential appearance on Tucker Carlson's show to denounce the "woke agenda," as revealed in a list of "bad ideas" disclosed in prosecutors' sentencing submission.

Radical Change Inside American Banks - Ad

We could see some seismic changes in the banking system, changing the way you access your social security income, pay your taxes and spend your paycheck. That's why it's so crucial you understand these changes, and how they'll inevitably impact you, as soon as possible.

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for April delivery rose $1.54 to $81.26 per barrel Thursday. Brent crude for May delivery rose $1.39 to $85.42 per barrel.

'Tesla…Best House On A Bad Block': Analyst Sees Multiple Catalysts For Elon Musk's EV Giant Despite Stock Slump

CFRA Research analyst and Tesla Inc bull Garrett Nelson believes that the current fall in the EV giant's stock is not surprising given shares more than doubled last year.

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

Wriggling gold: Fishermen who catch baby eels for $2,000 a pound hope for many years of fishing

PORTLAND, Maine (AP) — They're wriggly, they're gross and they're worth more than $2,000 a pound. And soon, fishermen might be able to catch thousands of pounds of them for years to come.

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Elon Got This Right... - Ad

Today, a new technology is about to hit with a force even greater than a tidal wave... I'm talking about artificial intelligence, a technology Elon Musk calls: "The most disruptive force in history." It has already started, that's why Eric Fry is issuing an urgent A.I. Code Red today.

Social media influencer is charged with joining the Jan. 6 attack on the US Capitol

A conservative social media influencer has been charged with storming the US Capitol and passing a stolen table out of a broken window, allowing other rioters to use it as a weapon against police, according to court records unsealed on Monday.

The Last Crypto Bull Market Has Begun - Ad

This crypto bull market is on the verge of a full-on panic. And if history is any indicator, smaller cryptos that get swept up in the mania have a legitimate chance to turn a small grub stake. Now, I've found a set of smaller cryptos that I think are going to soar in this crypto Melt-Up.

Boeing tells airlines to check pilot seats after report that an accidental shift led plane to plunge

Boeing is telling airlines to inspect switches on pilots' seats in its 787 Dreamliner jets after a published report said an accidental cockpit seat movement likely caused of a LATAM Airlines plane flying to New Zealand.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Britain's governing Conservative Party hopes tax cuts can lift ailing election fortunes

LONDON (AP) — In the run-up to the U.K.'s general election that opinion polls show the governing Conservative Party losing, Treasury chief Jeremy Hunt will seek to regain the political initiative by announcing tax cuts Wednesday during his annual budget statement.

America Must Break Free of Russia's Titanium Monopoly - Ad

Despite Russia's war on Ukraine, the U.S. still relies heavily on Russia for its titanium supply. Because titanium is critical for our military defense and aerospace, the White House wants more domestic mines to protect our national security.

Insiders Buying Snowflake And 2 Other Stocks

Although U.S. stocks closed higher on Thursday, there were a few notable insider trades.

A former Boeing manager who raised safety concerns is found dead. Coroner suspects he killed himself

A former manager who raised safety questions about the aircraft maker has been found dead outside a hotel in South Carolina, according to local authorities.

The No. 1 Crypto for 2024 - Ad

It's expected to soar 20X bigger than Bitcoin.

Musk's xAI Releases Its AI Model Grok To The Open Source Community, But With A Small Tweak

Elon Musk's startup, xAI, has made its large language model, Grok, open source under an Apache License 2.0, allowing for commercial use and modifications, with its weights and network architecture available for download via Github or torrent, positioning it to rival OpenAI's ChatGPT and potentially attract significant funding in the AI race.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service